$SMCI - Bollinger Squeeze
$SUPER MICRO COMPUTER INC(SMCI)$ - Bollinger Squeeze
The candle clashing with a horizontal Bollinger usually brings turbulence. Squeezes (black arrows) may have a fake move and the bearish one happened 2 weeks ago. Today, an opposite candle emerges, the 50DMA is trending down and will be a hurdle, but IF that purple line is conquered... oh boy.
The invalidation of that bullish thesis is losing $43.7
$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$
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https://x.com/SmartReversals/status/1843451660506690005
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